James M. Rallo Sells 4,908 Shares of Liquidity Services, Inc. (LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) insider James M. Rallo sold 4,908 shares of Liquidity Services stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $6.93, for a total value of $34,012.44. Following the completion of the transaction, the insider now owns 4,908 shares of the company’s stock, valued at $34,012.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of NASDAQ LQDT opened at $6.53 on Monday. The firm has a market capitalization of $225.49 million, a PE ratio of -13.06 and a beta of 1.16. Liquidity Services, Inc. has a fifty-two week low of $5.17 and a fifty-two week high of $9.16.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, February 7th. The business services provider reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.04. The company had revenue of $54.05 million during the quarter, compared to analysts’ expectations of $51.34 million. Liquidity Services had a negative return on equity of 11.08% and a negative net margin of 7.70%. As a group, analysts anticipate that Liquidity Services, Inc. will post -0.41 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. 6 Meridian purchased a new position in Liquidity Services during the first quarter worth about $425,000. National Investment Services Inc. WI purchased a new position in Liquidity Services during the first quarter worth about $283,000. Geode Capital Management LLC grew its position in Liquidity Services by 13.6% during the fourth quarter. Geode Capital Management LLC now owns 276,276 shares of the business services provider’s stock worth $1,704,000 after buying an additional 33,047 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Liquidity Services by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,560,474 shares of the business services provider’s stock worth $9,629,000 after buying an additional 53,078 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan purchased a new position in Liquidity Services during the fourth quarter worth about $45,000. Institutional investors own 65.05% of the company’s stock.

LQDT has been the subject of several recent research reports. BidaskClub upgraded Liquidity Services from a “hold” rating to a “buy” rating in a research report on Friday, January 11th. Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “hold” rating in a research report on Thursday, February 7th. ValuEngine cut Liquidity Services from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Barrington Research reiterated a “buy” rating and issued a $10.00 price target on shares of Liquidity Services in a research report on Monday, February 11th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $9.13.

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About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.

Further Reading: Outstanding Shares

Insider Buying and Selling by Quarter for Liquidity Services (NASDAQ:LQDT)

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